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REGISTERED NUMBER: 06670724 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

D V READ & SON (SURREY) LIMITED

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D V READ & SON (SURREY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: K Read
Mrs D A Read
C G Read





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 06670724 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,698 13,493

CURRENT ASSETS
Debtors 5 108,703 101,309
Cash at bank and in hand 126,936 22,024
235,639 123,333
CREDITORS
Amounts falling due within one year 6 183,045 103,524
NET CURRENT ASSETS 52,594 19,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,292

33,302

CREDITORS
Amounts falling due after more than one year 7 - 2,422
NET ASSETS 87,292 30,880

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 86,992 30,580
87,292 30,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

BALANCE SHEET - continued
31 AUGUST 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





C G Read - Director


D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

D V Read & Son (Surrey) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 and 5 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 82,225
Additions 35,870
Disposals (28,975 )
At 31 August 2023 89,120
DEPRECIATION
At 1 September 2022 68,732
Charge for year 11,568
Eliminated on disposal (25,878 )
At 31 August 2023 54,422
NET BOOK VALUE
At 31 August 2023 34,698
At 31 August 2022 13,493

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022 36,409
Disposals (14,900 )
At 31 August 2023 21,509
DEPRECIATION
At 1 September 2022 24,684
Charge for year 2,269
Eliminated on disposal (12,249 )
At 31 August 2023 14,704
NET BOOK VALUE
At 31 August 2023 6,805
At 31 August 2022 11,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors - 15,834
Amounts recoverable on contract 100,485 67,946
Other debtors 8,218 17,529
108,703 101,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Hire purchase contracts 2,422 4,152
Trade creditors 66,325 34,185
Taxation and social security 76,685 45,342
Other creditors 37,613 19,845
183,045 103,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Hire purchase contracts - 2,422

D V READ & SON (SURREY) LIMITED (REGISTERED NUMBER: 06670724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31/8/23 31/8/22
£    £   
K Read and Mrs D A Read
Balance outstanding at start of year - 6,419
Amounts repaid - (6,419 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -